Commodity End-User Relief Act
Latest action · Jan 17, 2017 Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 4, 2017
- Passed HouseJan 12, 2017
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Commodity End User Relief Act
This bill reauthorizes through FY2021, and otherwise revises provisions related to, operations of the Commodity Futures Trading Commission (CFTC).
The CFTC is authorized to require that certain property of the bankruptcy estate of a commodity broker who is a debtor in Chapter 7 bankruptcy (also known as "liquidation" bankruptcy) be included in customer property to the extent that such property is insufficient to satisfy the net equity claims of the broker's public customers.
Before promulgating a regulation or issuing an order, the CFTC must publish an assessment of the costs and benefits of the action.
The heads of the CFTC's administrative units shall serve at the pleasure of the CFTC.
The bill establishes, within the CFTC, the Office of the Chief Economist.
The bill eliminates the CFTC's authority to lease space.
The bill modifies provisions related to the CFTC's Customer Protection Fund.
The duration of an omnibus order of investigation (authorizing the CFTC to issue subpoenas to multiple persons in relation to a particular subject matter area) shall not be indefinite.
The bill exempts specified entities from certain clearing requirements applicable to swaps.
With respect to swap dealer registration requirements, the bill: (1) prohibits the CFTC from modifying, except by affirmative rule or regulation, the threshold for de minimus (minor in quantity) swap dealing; (2) under certain circumstances, allows the use of specified financial models with respect to calculating capital requirements; and (3) modifies other provisions.
The bill exempts certain swap activities involving non-U.S. persons from U.S. swaps requirements.
In addition, the bill amends the Commodity Exchange Act to direct registered futures associations to require their futures commission merchant members to meet certain procedural and reporting requirements.
Recorded votes 3
Newest first. Open one to see how every member voted.
| Roll call | Question | Result | Date |
|---|---|---|---|
| House 54 | On Passage | Passed239–182 | Jan 12, 2017 |
| House 53 | On Motion to Recommit with Instructions | Failed190–235 | Jan 12, 2017 |
| House 52 | On Agreeing to the Amendment | Agreed to236–191 | Jan 12, 2017 |
Cosponsors 3
Members who signed on, in the order they did. All signed on Jan 4, 2017.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-GA | Austin Scott | Original | Jan 4, 2017 |
| D-GA | David Scott | Original | Jan 4, 2017 |
| R-TX | Pete Sessions | Original | Jan 4, 2017 |
Actions 35
Everything that happened, newest first.
- Jan 17, 2017Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- Jan 12, 2017Committee of the Whole House on the state of the Union rises leaving H.R. 238 as unfinished business.
- Jan 12, 2017Considered as unfinished business. (consideration: CR H450-451)
- Jan 12, 2017Considered under the provisions of rule H. Res. 40. (consideration: CR H404-428)
- Jan 12, 2017DEBATE - Pursuant to the provisions of H. Res. 40, the Committee of the Whole proceeded with 10 minutes of debate on the Aderholt Part B amendment No. 1.
Amendments 8
Amendments offered to this bill.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HRES 40 | Providing for consideration of the bill (H.R. 78) to improve the consideration by the Securities and Exchange Commission of the costs and benefits of its regulations and orders; providing for consideration of the bill (H.R. 238) to reauthorize the Commodi | Procedurally related | Jan 11, 2017 |
| S 3732 | Protection of Source Code Act | Related bill | Dec 10, 2018 |
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Administrative law and regulatory procedures
- Administrative remedies
- Banking and financial institutions regulation
- Bankruptcy
- Business records
- Commodities markets
- Commodity Futures Trading Commission
- Computers and information technology
- Congressional oversight
- Electric power generation and transmission
- Executive agency funding and structure
- Finance and Financial Sector
- Financial services and investments
- Government employee pay, benefits, personnel management
- Government studies and investigations
- Judicial review and appeals
- Minority employment
- Oil and gas
- Public utilities and utility rates
- Securities
- Women's employment
Text 3
Each version as it was printed, newest first.
- Jan 17, 2017Referred in Senate
- Jan 12, 2017Engrossed in House
- Jan 4, 2017Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.